Cavico Corp Surging Over 35%

Cavico Corp. (CAVO) is trading 35% higher today. The co. announced that its subsidiary, Cavico Bridge and Tunnel, has signed a construction contract with Electricity of Vietnam for the Song Bung 2 Hydropower project. The contract is valued at $6 million and includes cost escalation clauses that may increase the revenues associated with the project. Co expects to complete construction by 2014.

At last check, CAVO was trading at $2.25, up 35.37%. Day’s range: $1.69 – $2.47.

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 50% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.